SG briefs: SATS, CSE Global, Ezion, Chuan Hup, Jiutian Chemical

SATS Food building near Changi Airport in SingaporeSATS Food building near Changi Airport in Singapore

Singapore company briefs: Jiutian Chemical Group, SATS, CSE Global, Ezion Holdings and Chuan Hup Holdings. 

SATS

SATS said Monday it has become a signatory of the U.N. Global Compact as a demonstration of its commitment to human rights, labour, environment and anti-corruption. 

The company’s 2030 goals include converting all of its ground support equipment in Singapore to sustainable energy sources and using fully sustainable food packaging, SATS said in a filing to SGX.

Read SATS’ filing to SGX.

CSE Global

CSE Global said Monday its fourth quarter new orders increased 33.4 percent on-year to S$131.2 million, bringing its order book to S$229.4 million. 

New orders for the energy sector rose 35.7 percent on-year to S$85.5 million, on higher time and material jobs coupled with newly awarded power and electrification projects, CSE Global said in a filing to SGX. 

Read CSE Global’s filing to SGX.

Jiutian Chemical

Jiutian Chemical Group guided Monday that it expected to report a “significant increase” in net profit after tax for 2021, compared with 2020, on higher average selling prices and sales volume of its main products. 

“As China’s post Covid-19 economic recovery gathered momentum during FY2021, we continued to experience strong demand for our main products of Dimethylformamide (DMF) and methylamine from the start of 2021,” Jiutian Chemical said in a filing to SGX.

Chuan Hup Holdings

Chuan Hup Holdings said Monday its 50:50 joint venture with Siera Group for the development of a a land site in Surfers Paradise, Queensland, has received approval from the City of Gold Coast. 

Located on Chevron Island, the development, to be called Tapestry, will include a residential tower with 83 units across 14 levels, the company said in a filing to SGX. 

Ezion Holdings

Ezion Holdings said Monday has entered a deal for April Pearl, a subsidiary of JUB Pacific, to take the bareboat charter of 24 months of liftboat Teras Conquest 1 and subsequently purchase the vessel. 

The consideration will be between US$11.35 million, minus the US$300,000 deposit and monthly payments from April Pearl, and US$11.5 million, minus the deposit and monthly payments, depending on how many months pass before the acquisition is made, Ezion said in a filing to SGX.

The proceeds will be used to partially repay loans and to discharge the mortgage on the vessel, Ezion said. 

Read Ezion’s filing to SGX.